MidCap Financial Investment (MFICL) Set to Release Quarterly Earnings on Thursday

MidCap Financial Investment (NASDAQ:MFICL) is projected to issue its resultson Thursday, November 5th. Analysts expect the company to announce earnings of $0.3323 per share and revenue of $65.37 million for the quarter.

MidCap Financial Investment Stock Up 0.1%

MFICL stock opened at $25.31 on Thursday. The stock’s 50 day moving average price is $25.23 and its 200 day moving average price is $25.31. MidCap Financial Investment has a 1 year low of $25.00 and a 1 year high of $25.60.

MidCap Financial Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.9%.

MidCap Financial Investment Company Profile

MidCap Financial Investment Corporation is a business development company (BDC) that provides financing to privately held, middle-market companies. The company primarily invests in senior secured loans and other debt securities, with the objective of generating current income and, to a lesser extent, capital appreciation.

Its investment portfolio may include first-lien, second-lien and unitranche loans, as well as subordinated debt and equity-related investments. MidCap Financial Investment Corporation generally focuses on established companies across a range of industries and seeks to structure customized financing solutions, including acquisitions, recapitalizations, refinancing and growth initiatives.

The company is externally managed by MidCap Financial Investment Management, an affiliate of Apollo Global Management.